Press Is Largely Ignoring Recent Awesome Fossil Fuel-Related News

newsbusters.org ^ | 11/24/2016 | Tom Blumer

[rktman]

DOH! We gotta quit finding more oil deposits cause it's making the anti petro people "feel" bad that we haven't reached "peak oil". It makes them feel morose. Poor babies. How about a safety pin? So, will the lyin' king designate the area where the latest big find was made as a national monument in his remaining days? After all, he still has his pen.

[EQAndyBuzz]

My petroleum stock went from .88 to 1.45 in a week in a half.

This winning is getting old fast.... not

[glock rocks]

There’s more oil in Utah and Colorado than all of OPEC.

http://abcnews.go.com/Business/american-oil-find-holds-oil-opec/story?id=17536852

[rktman]

Yeah, but you gotta remember that the saudis “warned” Trump that he better not cut off imports. Skerred yet? Didn’t slick willie lock up a YUGE chunk of Utah that had potential for shale deposits? Is there a key to unlock it? I also seem to remember that somehow the Colorado deposits weren’t at a level that would be profitable yet due to access.

[Eric in the Ozarks]

Oil shale in the Rifle, Colorado area was thought to be the next big energy story. Exxon spent millions trying to pry the oil out of the rocks, finally settling on a system that radiated the chunks to push the oil out.
Trouble was, mining and crushing the shale created a 25 percent “swell factor.” Then the radiation turned golf ball sized chunks into softball chunks, or about 30 percent larger.
Try reclaiming that stuff...

[hal ogen]

Omission of news is one of the great crimes of the Loser medias. These “journalists” are an embarrassment to the First Amendment and to themselves. Never believe the media about anything. Losers.

[okie01]

Didn’t slick willie lock up a YUGE chunk of Utah that had potential for shale deposits?

Grand Staircase-Esalante National Monument locked up the largest known deposit of clean coal, not shale oil.

[JimSEA]

Not only this, some really big discoveries in carbon control and mitigation have gone largely unreported. They are interested in destroying the economy rather than in controlling CO2 emissions. It’s all revolutionary leftist politics.

[rktman]

Thanks. I knew I remembered something in Utah. Wind good. Coal bad. Sunshine good. Petro bad.

[spokeshave]

Good news indeed:

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."

[Lady Heron]

Second, in Texas this week, a huge oil discovery was reported

Texas oilmen are sort of scratching their heads on this news as they have know about this "new discovery" for years.

[IronJack]

I was working on the Western Slope when the shale boom hit the Parachute Valley in Colorado in the early 80s. It was a phenomenon. Cities literally sprang up overnight, and an army of heavy machinery moved in to turn mountains into molehills and open a path to "the rock that burns."

Then, one weekend, Exxon pulled the plug. Shut down the entire operation overnight. All that time and energy and material went for naught. Zilch. Bupkus. And the governor was afraid he'd have to call out the National Guard to suppress riots from the displaced workers (he didn't).

[FreedomNotSafety]

Don’t fret. The gas industry will work overtime, and in silent complicity with the greenies, to continue the demise of coal. The oil industry having now gained the ability to export will now seek to limit imports. The super abundance now coming to market that has been driven in part by abundant and cheap capital and will be coming to an end. Their are better places to invest money than hydrocarbons because they are too abundant.

Limiting imports is a bad bad bad idea. But the domestic producers are going to want a helping hand and they easiest way to get it is to create a little artificial scarcity.

Oil has been here before. In the 80’s the US taxpayer paid to permanently plug oil wells. Then they got the strategic reserves.

They should get nothing. No import restrictions, no tariffs, no credits for not producing, no federal reserves.

[PIF]

Don’t know about the shale deposits, but Sick Willie did lock up the largest rare earth mine in the US by turning it into a Preserve or Park (some such), thus enabling the Chinese to dominate the rare earths market, pushing the cost and availability of magnets sky high at the time and killing the experimental use of magnets in the US.

[StACase]

 
 
         Yeah heard about the Wolfcamp discovery a little over a week ago and
         just today it occurred to me that I haven’t heard anything about it since.

         So yeah, our wonderful left-wing liberal Democrat press doesn’t want
         us to know about it. They dutifully reported it once and then crickets.
 
 

[PIF]

Locked up at the behest of his political benefactor in Indonesia which then took over the entire market.

[Eric in the Ozarks]

The coarse reject material (shale after oil removed) becoming 55 percent larger was something no one expected. If Exxon had a couple of mining people on the payroll they could have predicted much of this.
I was mining coal in the early 80s. Drilling and blasting the overburden, stacking via dragline and then dozing with a D9L would result in a higher topography, even if 6 feet of coal had been removed.
This was hard to explain to the uninitiated.
If we mined into a hillside and the cover got deeper as we advanced, we could be out of fill at the top of the hill...

[Ellendra]

Add to that the fact that a lot of the patents surrounding thermal depolymerization have expired. That has the potential to be a game-changer, IMO.

[Ronaldus Magnus III]

We have only drilled a few miles down into the Earth. We are always discovering more and more oil, gas, etc. Research ‘abiotic oil.’ There are oceans of hydrocarbons on the moons of Saturn and Jupiter. I sincerely doubt that there were dinosaurs and plants on these moons. We will never run out of oil and natural gas. It is a natural part of the world. Whenever there is a large ocean oil spill or leak, the tiny microbes that EAT oil get to work. Google ‘where did all the oil go’ about the Deepwater Horizon oil spill. Massive amounts of oil plumes were EATEN by massive plumes of microbes that consume oil.

[ImJustAnotherOkie]

Job #1 end ethanol mandates.